Apax Global enters three-year €140 million multicurrency revolver

By Wendy Van Sickle

Columbus, Ohio, Nov. 7 – Apax Global Alpha Ltd. entered a new three-year €140 million multicurrency revolving credit facility agreement with Credit Suisse AG, London Branch dated Nov. 6, according to a filing with the London Stock Exchange.

The revolver replaces the company’s €140 million credit facility with Lloyds Bank plc that was due to expire on Feb. 3, 2019.

Interest remains Libor or Euribor plus 210 basis points.

The new revolver has an initial maturity of Nov. 5, 2021.

The credit facility is subject to customary closing conditions.

Proceeds may be used to finance or refinance Apax’s general corporate purposes, including short-term investments such as the draw down on commitments to Apax funds.

Apax Global Alpha is a London-based closed-ended investment company.

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